51
51
Dec 14, 2012
12/12
by
CNBC
tv
eye 51
favorite 0
quote 0
. >>> back in the heart of new york city's time square. stocks closing at the lows of the day. the culprit is a familiar name, apple. the stock has now lost 27% of its value in just three months. it hit a ten-month low today, closing near the lows of the session. what is the next stop for america's favorite stock? let's get in the money. dan, this has to be more than tax selling at this point? >> we've been talking about it for weeks, almost month. really since september 21st when they introduced the iphone 5. at some point it had to do with people booking profits. we saw a trade out of big year-to-date rim mers. this is a story in and of itself. throw a dart this week for the reasons why it's going down. a lot has to do with the self fulfilling prophesy it's not working anymore. it's worked so long, it's not working anymore. i think the street is starting to come around. the idea that earnings are going to stall here. >> right now it's a fundamental question when it comes to this to be. we have steve mill lon vich coming out questioning whether apple will continue to have the
. >>> back in the heart of new york city's time square. stocks closing at the lows of the day. the culprit is a familiar name, apple. the stock has now lost 27% of its value in just three months. it hit a ten-month low today, closing near the lows of the session. what is the next stop for america's favorite stock? let's get in the money. dan, this has to be more than tax selling at this point? >> we've been talking about it for weeks, almost month. really since september 21st...
197
197
Dec 14, 2012
12/12
by
CNBC
tv
eye 197
favorite 0
quote 0
let's go to robin in new york. robin. >> caller: hey, jim. a foxy and festive boo-yah from new york. >> sweet. >> caller: i'm known as the natural queen. and i'm calling about -- it's near its high. it has competition from larger companies for export licenses. where do you stand on -- >> i think you should ring the register. i'd rather have you in chen yooer energy partners, cqp, which does give you a yield, and take the nice gain. it's a terrific job you that brought that cheniere when you should. i like cheniere energy partners lp right now. let's go to kieran in florida right now. kieran. >> caller: kieran in florida. my tom is con ed. i've been buying if for the live five years. is it time tyke profit or -- >> no, con ed's fine. i'm telling people to buy it. it's like a pro fiscal cliff stock. john. >> caller: john k. in florida. jim, i'd like to say merry christmas to you and yours. >> thank you. same to you. >> caller: my stock is fortress investor group. f.i.g. >> i prefer kkr financial. and i also prefer blackstone. i think they're be
let's go to robin in new york. robin. >> caller: hey, jim. a foxy and festive boo-yah from new york. >> sweet. >> caller: i'm known as the natural queen. and i'm calling about -- it's near its high. it has competition from larger companies for export licenses. where do you stand on -- >> i think you should ring the register. i'd rather have you in chen yooer energy partners, cqp, which does give you a yield, and take the nice gain. it's a terrific job you that brought...
219
219
Dec 14, 2012
12/12
by
CNBC
tv
eye 219
favorite 0
quote 0
maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to make a statement on this tragedy from the white house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier
maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to...
111
111
Dec 14, 2012
12/12
by
CNBC
tv
eye 111
favorite 0
quote 1
we'll go to jim at the cme in chicago and the nymex in new york. jim, i would like to start with you. are you surprised by the move in crude? do you think maybe the oil market is doubting the china recovery here? >> i think it is one of two things. first to answer your question, yes i'm surprised. i think that manufacturing number should have caused crude to spike more. the fact that it hasn't means one of two things. one they either doubt the information or they doubt the story out of china or, two, there are other factors keeping crude lower. over the last few weeks it hasn't performed very well with the rest of the risk assets so to me this is a negative thing. i'm short-term negative crude. if it traded below 86.36 yesterday's low it would be more of a confirmation but the real confirmation would come about 85.75. it is mostly that it hasn't rallied off china. >> it really hasn't certainly. if we get a resolution of the fiscal cliff could that open us up for a rally here? >> i think so. when you listen to business leaders talking they are sayin
we'll go to jim at the cme in chicago and the nymex in new york. jim, i would like to start with you. are you surprised by the move in crude? do you think maybe the oil market is doubting the china recovery here? >> i think it is one of two things. first to answer your question, yes i'm surprised. i think that manufacturing number should have caused crude to spike more. the fact that it hasn't means one of two things. one they either doubt the information or they doubt the story out of...
82
82
Dec 14, 2012
12/12
by
CNBC
tv
eye 82
favorite 0
quote 0
let's get down to the new york stock exchange. mary, over to you. >> apple's weakness is certainly one of today's themes on wall street along with a lack of direction because of a lack of headlines on the fiscal cliff. as you mentioned, today's economic data, a good reading on industrial production doing little to generate investor's interest today. slumber jay is facing a decline in energy stocks after issuing a profit warning because of weakness in north america as well as weak demand in europe and such. a lift is happening to steal stocks like u.s. steel and metals and minors. also there's signs of life in energy. earlier it had the capital expenditures forecast for next year in pea body. it is expecting earnings in the first quarter of 2013. that is giving a slight lift to its shares. as we head to the close of today's weak, you should know all of the major indices, dow, s&p and the nasdaq are flat slightly lower. >> mary, thank you very much. >>> meantime, let us dig in a little bit deeper on the apple story. john fort joinin
let's get down to the new york stock exchange. mary, over to you. >> apple's weakness is certainly one of today's themes on wall street along with a lack of direction because of a lack of headlines on the fiscal cliff. as you mentioned, today's economic data, a good reading on industrial production doing little to generate investor's interest today. slumber jay is facing a decline in energy stocks after issuing a profit warning because of weakness in north america as well as weak demand...
166
166
Dec 14, 2012
12/12
by
CNBC
tv
eye 166
favorite 0
quote 0
are you comfortable with the system you have now in new york? i understand the medallion changes hands for $800,000. so you have a few people who control a lot of these licenses. who are creaming off most of the profits. then you have often first generation immigrants who are tearing around on the street 12-hour days trying to make a living? is that fair? >> medallion now trades for $1 million. so i think that does prove your point in a sense. look, we are -- the biggest issue in new york city is outside the core service area in midtown, downtown manhattan. mayor bloomberg has gotten legislation out to let us create a whole separate class of taxis that will operate in the boroughs. we do need more cabs. that $1 million price -- >> did it get approved? >> the governor signed it, the taxi owners, they have a lot at stake. they've sued and it's in court now. we're going to get a final decision by may or june. i'm sure we're going to win and put the new meltions on the street. >> did anyone find my wallet? >> that's the most common call we get. with
are you comfortable with the system you have now in new york? i understand the medallion changes hands for $800,000. so you have a few people who control a lot of these licenses. who are creaming off most of the profits. then you have often first generation immigrants who are tearing around on the street 12-hour days trying to make a living? is that fair? >> medallion now trades for $1 million. so i think that does prove your point in a sense. look, we are -- the biggest issue in new york...
228
228
Dec 14, 2012
12/12
by
CNBC
tv
eye 228
favorite 0
quote 0
let's go to jim in new york. going to myself. >> caller: a wonder bread hostess twinkies booyah! what do you think will happen with hostess brands? will it go private or will flowers food would be a good fit? >> i don't think flo will buy them. you get a lot of labor issues and i remember flowers down there in thomasville, georgia, they don't really get into the labor issues. this outfit is more than a fashion statement. when you see me around town, you know this is how i look. i think the turnaround story at gap is alive and well. consider its pullback a chance not to pull on a full position. want 100 shares? buy 50 and wait for the latest disappointment from washington. stick around. lightning round is next. >>> it is time. time for the lightning round. and we'll take calls, and buy, buy, buy, sell, sell, sell. my staff will play this sound and the lightning round is over. are you ready, skedaddy? let's start with marshall in massachusetts. marshall. >> caller: hey, jim. i know you like cloud companies. i was taking a look at enc. trading about two times book value as a forward
let's go to jim in new york. going to myself. >> caller: a wonder bread hostess twinkies booyah! what do you think will happen with hostess brands? will it go private or will flowers food would be a good fit? >> i don't think flo will buy them. you get a lot of labor issues and i remember flowers down there in thomasville, georgia, they don't really get into the labor issues. this outfit is more than a fashion statement. when you see me around town, you know this is how i look. i...
225
225
Dec 14, 2012
12/12
by
CNBC
tv
eye 225
favorite 0
quote 0
in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately, as i look to 2013, i'm looking at u.s. austerity. so the question is how much is that going to be, and if it's a lot and the
in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue...
191
191
Dec 14, 2012
12/12
by
CNBC
tv
eye 191
favorite 0
quote 0
bloomberg is currently mayor of new york city and doing a good job. >> and doing a quite capable job. lionel barber is the editor of the financial times. we thank you for your time this morning. >>> now let's take a quick look at the swiss franc. why? this is one place in particular in an exclusive interview with cnbc, the chairman says they could employ negative -- to swees the swiss franc low. >> the swiss franc remain aes strong currency and we expect it to weaken over time which is economically the right thing that should hab. >> the fed has said it will now have numerical targets for its monetary policy. are you considering similar targets for as to when you would change your stand on the minimum exchange rate? >> every country obviously has a little different monetary policy. it is crucial to maintain for the time being. that's the right decision for this area. >> the swiss frank is notably weak weakened. given that these measures have seemed to work, would you can happen consider similar measures? >> we do not exclude any measures that are necessary at one time. negative intere
bloomberg is currently mayor of new york city and doing a good job. >> and doing a quite capable job. lionel barber is the editor of the financial times. we thank you for your time this morning. >>> now let's take a quick look at the swiss franc. why? this is one place in particular in an exclusive interview with cnbc, the chairman says they could employ negative -- to swees the swiss franc low. >> the swiss franc remain aes strong currency and we expect it to weaken over...